Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part III
34. Registration procedure
Feedback & supportWhere the Authority grants registration of a public fund under paragraph 33(1)(a), it shall—
register the public fund in the register maintained under
Division 5 of this Part; and
issue a certificate of registration to the public fund.
Where the Authority grants a provisional acceptance under paragraph 33(1)(b), the promoter of the proposed public fund shall, before the expiry of the provisional acceptance period or renewed provisional acceptance period deliver to the Authority—
promoter
“promoter”, in relation to a prospectus issued by or in connection with a Labuan company, means a promoter of the company who was a party to the preparation of the prospectus or any relevant portion thereof, but does not include any person by reason only of his acting in a professional or advisory capacity; and
the provisional acceptance of the Authority;
proof satisfactory to the Authority that the proposed public fund is lawfully constituted in Labuan or any recognized country or jurisdiction; and
the information referred to in subsection 32(1).
If the Authority is satisfied that the proposed public fund referred to in subsection (2) has complied with the requirements of that subsection it may grant registration to the public fund.
Where the Authority grants registration under subsection (3), it shall register the public fund in the register maintained under
Division 5 of this Part and issue a certificate of registration.